Cranbury, NJ, December, 2022
Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in Innvoke, LLC (Innvoke). Innvoke, based in New Jersey, is a provider of commercial printing solutions for the educational, retail, promotional, healthcare, and finance end markets, among others. Founded in 1996 by David Kovacs, the Company has developed a diverse portfolio of unique printing capabilities to become a successful provider of high quality printing solutions.
“Partnering with CFB marks a new beginning for Innvoke,” remarked David Kovacs, founder, and former sole owner. “We look forward to this exciting journey and the rewards that will come from CFB’s long-term investments, focus on growth, and partnership. It’s true I will exchange the owner hat for my new hat as a board member and co-investor which grants me a new vantage point. Customers, partners, and vendors will be thrilled to know there will be no impact on our relationships with them. Watching the team continue to build upon and benefit from the world-class systems and quality they helped create will be gratifying.”
Affiliates of CFB and Independent Bankers Capital Fund (IBCF) provided subordinated debt and equity to complete the transaction. The investors partnered with Jay Ziegler who has joined Innvoke as President of the business. Jay is a skilled and experienced executive who has led multiple printing operations throughout his career.
CFB Vice President Matt Leinauer noted: “CFB is excited to partner with Jay Ziegler in the acquisition of Innvoke, which marks the first step in building out a nationwide commercial printing services provider supporting the diverse marketing initiatives of its customers.”
About Capital For Business
CFB is a St. Louis-based private investment firm, owned by Commerce Bancshares, Inc., providing capital to middle-market businesses with proven management teams and a high potential for growth. Founded in 1959, CFB is one of the oldest Small Business Investment Companies (SBICs) in the nation and is focused on control buyouts of value-added manufacturing, distribution and business services companies throughout the United States.